ICAI has announced that students who have converted from earlier scheme to revised scheme from July 21, 2021, to August 20, 2021, are allowed to appear in the Old/New scheme Inter and Final (Old/New) in November 2021 examinations.
Persons who are mandatorily required to authenticate electronic records by digital signature shall be deemed to have authenticated the electronic records when they submit the record through their registered account in the Income-tax Department's portal.
In order to provide relief to the taxpayers who were eligible to file applications as on 31.01.2021, but could not file the same, it has been decided that applications for settlement can be filed by the taxpayers by 30th September 2021.
![[FAKE] Pay Rs 12,500 and get Rs 4 crores 62 lakhs in Return](/img/previewthumb/custom/fake.jpg "[FAKE] Pay Rs 12,500 and get Rs 4 crores 62 lakhs in Return")
"Pay Rs 12,500 and get Rs 4 crores 62 lakhs in return!" - Well, some things are just too good to be true. Fraudsters impersonate Government organisations to dupe people of money.
CBDT has released the IT (26th Amendment) Rules, 2021. Under the amended rules, CBDT has inserted a new Rule 26D after rule 26C which lays down the provisions for Furnishing of Declaration and Evidence of Claims by Specified Senior Citizen u/s 194P.
Smt. Nirmala Sitharaman, Hon'ble Union Minister of Finance and Corporate Affairs laid foundation stone on 5th September, 2021 for office building of Income Tax Department at plot No. 4, 5 and 6, Infantry Road, Bengaluru.
Income tax refunds of Rs. 16,373 crore have been issued in 22,61,918 cases & corporate tax refunds of Rs. 51,029 crore have been issued in 1,37,327 cases.
The meeting deliberated on the various mandates of the FSDC, viz., Financial Stability, Financial Sector Development, Inter-regulatory Coordination, Financial Literacy, Financial Inclusion, and Macro prudential supervision of the economy etc.
ICAI has written a representation letter to the Executive Editor of Navbharat Times - Mr. Sanjay Khati as a response to their News item with the caption "LIC Agent ke khate se Rs. 16 lac nikale gaye, CA giraftaar".
The Institute of Cost Accountants of India has extended the last date of admission to the CAT Course to 15th September 2021 for the December 2021 term of examinations.
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